Commercial Real Estate Direct Staff Report The CMBS trust that held what most recently was a $7416 million mortgage against the Park Plaza shopping mall in Little Rock, Ark, has taken the property through foreclosure The loan, which had encumbered...
Commercial Real Estate Direct Staff Report SL Green Realty Corp has denied claims by PWM Property Management, an affiliate of the owner of Manhattan’s 245 Park Ave, that it’s at fault for vacancies the property is facing PWM, an...
Commercial Real Estate Direct Staff Report The bankruptcy of an affiliate of HNA Group of China could result in the ultimate sale of office properties at 245 Park Ave in Manhattan and 181 West Madison St in Chicago The affiliate, PWM Property...
The Real Deal A venture of Spring Progress Investment Solutions and the Singapore unit of Haitong International Financial Services has taken control of the Oceanwide Center mixed-use project that’s under construction in San Francisco Oceanwide...
Commercial Real Estate Direct Staff Report Starwood Capital Group is finalizing the deed-in-lieu of foreclosure transfer of the Rimrock Mall in Billings, Mont, to Wells Fargo Commercial Mortgage Trust, 2013-LC12, which holds a $7277 million loan...
Washington Prime Group, which earlier this year added seven malls to its list of non-core properties, has formally told the servicer of the $676 securitized million mortgage against the Brunswick Square Mall in East Brunswick, NJ, that it would...
The CMBS trust that holds an $8265 million loan against the Promenade Shops at Centerra in Loveland, Colo, has taken over the property through foreclosure The 493,160-square-foot retail center was lost to a foreclosure in 2010, when its then-owner...
The Asheville Mall in North Carolina has been re-appraised at a value of $42 million - a third of the $123 million appraised value given it in 2011 when a $78 million loan was written against it The property's owner, CBL & Associates Properties Inc,...
Commercial Real Estate Direct Staff Report Spinoso Real Estate Group has been installed as the receiver for the Shoppes at Buckland Hills in Manchester, Conn The property is owned by an affiliate of Brookfield Asset Management, which had assumed it...
The Westfield Palm Desert Mall in Palm Desert, Calif, in California's Coachella Valley, last month was re-appraised at a value of only $552 million That's roughly a quarter of the property's $212 million appraised value set in 2014, when a $125...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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